Garrett Electronics - trusted by real miners & prospectors!

Magazine

All Articles

The Business Of Mining: Profits, Losses, Hobbies and Businesses

Everyone can deduct all of the ordinary and necessary expenses of conducting a trade or business. But how can anyone hope to refute the IRS’s labeling of their activity as a hobby or, probably more importantly, hope to achieve the label of a tax business?

Online access required. Please .

Add a Comment

Additional articles that might interest you...

A Word from the Editor


Following the hundreds of delivery complaints we received regarding our January 2006 issue, the US Postal Service made a few suggestions to help stem the tide of late deliveries.

Looking Back


Excerpts from California Mining Journal, our original title, published 50 years ago this month.

Picks & Pans: Rattlesnakes in a Gold Camp


Leon was leading the way as we hiked the trail out of North Canyon. Without any warning Leon leaped into the air. He had just spotted a big rattlesnake lying in the grass beside the trail.

Oil Seeps in Arizona


Compared to California, Arizona has virtually no oil seeps. But, the great Permian Basin of West Texas has virtually none either. Arizona has something that neither California nor Texas have, and that is public lands that are open for leasing. The northern half of Arizona has more seeps and is thus of greater interest, but it would be foolish to disregard the southern half because giant oil and natural gas fields could underlie some of the broad desert valleys.

Picks & Pans: Detecting in Northern Nevada


One of the newest opportunities available to the individual prospector is the exchange of information over the Internet. A number of websites and forums dedicated to prospecting for gold have sprung up in recent years.

Picks & Pans: Tips for Nuggestshooting—How to Increase Your Gold Finds (Part I)


From a prospector's standpoint, the metal detector may be one of the most significant breakthroughs of the twentieth century. It is believed that the first metal detector was discovered accidentally in 1925 when a radio engineer...

Mining Stock Quotes and Mineral & Metal Prices


Subscription Required:
The Bawl Mill   • Where To Find Diamonds   • Miners Find Encouraging Prospects Near Livengood   • Glen's Big Find   • Suction Dredge Study   • Lluvia de Oro— A Shower of Gold Awaiting Development in the Sierra Madre—Part I   • Beyond The End of The Road   • Barnes Store and Yankee Jims   • Mining Tax Increase Suggested   • Opening Ceremony for Buckhorn Mine   • Mining Journal Contest—How Much Is That Old Mining Journal Worth?   • Melman on Gold & Silver   • Mining Stock Quotes and Mineral & Metal Prices

Free:
Legislative and Regulatory Update

Advertisements

Precious Metals Recovery plants and equipment
Fighting to keep public lands open to the public
Specializing in the processing of precious metal ores!
Watch prospecting shows on your computer right now
Free Online Sample Issue